Definition
Recently sold properties similar in location, size, condition, and features, used to estimate the value of a subject property.
Example
Three closed comparables within half a mile supported a value of $412,000 after adjustments.
Related terms
Frequently asked questions
What does Comparable Sales mean in real estate?
Recently sold properties similar in location, size, condition, and features, used to estimate the value of a subject property.
How is Comparable Sales used in practice?
Three closed comparables within half a mile supported a value of $412,000 after adjustments.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.